New York Markets After Hours

Updates, advisories and surprises

(10:36 AM ET) SAN FRANCISCO (MarketWatch) -- Digital River Inc.
DRIV
saw its shares fall more than 13% Friday to $15.95 after the online commerce-services company gave a negative second-quarter outlook. Digital River said that for its second fiscal-quarter, it expects to earn 17 to 19 cents a share on revenue in a range of $92 million to $94 million. Wall Street analysts had forecast the company to earn 22 cents a share on $95.3 million. The forecast outweighed enthusiasm for Digital River's first-quarter results, in which the company earned 30 cents a share on $102.4 million in revenue and beat analysts' expectations.

Dolby Labs jumps on results, Microsoft deal

(10:30 AM ET) SAN FRANCISCO (MarketWatch) -- Dolby Laboratories Inc.
DLB, -0.42%
saw its shares jump nearly 19% to $44.71 on Friday morning after the company reported better-than-expected results for its second fiscal quarter. Earnings rose more than 7% for the period, beating Wall Street's estimates. The company's Dolby Digital Plus technology was also selected by Microsoft
MSFT, -0.74%
to incorporate on its Windows 8 operating system for tablets and PCs, expected out later this year. "While TV and DVD player sales remain challenged, we expect the agreement will reduce uncertainty related to Dolby's role in a mobile/digital streaming world," wrote John Bright of Avondale Partners, who upgraded Dolby to a market outperform rating.

QLogic shares fall 16% following earnings results

(10:30 AM ET) SAN FRANCISCO (MarketWatch) -- QLogic Corp.
QLGC, +1.38%
shares fell by $2.70, or 16%, to $14.17 Friday on negative reaction to the storage-networking technology company's quarterly results. Late Thursday, QLogic reported fiscal fourth-quarter profit from continuing operations of $29.5 million or 29 cents a share, compared with earnings of $36.8 million, or 34 cents a share in the same period a year ago. Sales fell to $135 million from $146 million in the same quarter last year.

(7:53 AM ET) NEW YORK (MarketWatch) -- Exelon Corp.
EXC, +0.12%
said Friday its first-quarter profit dropped in the face of unfavorable market factors and mild weather. The Chicago-based power generation company's earnings fell to $200 million, or 28 cents a share, from $668 million, or $1.01 a share, in the year-ago period. Adjusted profit fell to 85 cents a share from $1.17 a share. Operating revenue fell to $4.69 billion from $4.96 billion. Wall Street analysts expected Exelon to earn 80 cents a share, according to a survey by FactSet Research. On March 12, Exelon closed its purchase of Constellation Energy.

Estee Lauder profit up 5%

(7:42 AM ET) NEW YORK (MarketWatch) -- Estee Lauder Cos. Inc.
EL, -1.08%
said Friday its third-quarter profit rose 5% to $130.4 million, or 33 cents a share, from $124.7 million, or 31 cents a share, in the year-ago period. Adjusted earnings rose to 38 cents a share from 35 cents a share. Revenue increased 4% to $2.25 billion. Wall Street analysts estimated profit of 33 cents a share and revenue of $2.25 billion for Estee Lauder, according to a survey by FactSet Research.

RBS loss widens to 1.52 billion pounds

(2:42 AM ET) MADRID (MarketWatch) -- Royal Bank of Scotland Group PLC(UK:RBS)
RBS, -2.04%
on Friday reported first-quarter losses widened amid a tough economic and regulatory backdrop. Its net loss for the quarter widened to 1.52 billion pounds ($2.46 billion) against 528 million pounds in the year-ago period. Net interest income for the group fell to 3 billion pounds from 3.3 billion pounds in the year-ago period. The group said retail and commercial units have been "challenged by a weak economy and persistently low interest rates." RBS said its core tier 1 capital ratio rose to 10.8% at the end of March from 10.6% a year ago. The bank said next week it will repay the last of the U.K. government-backed funding support it recieved during the crisis and will begin paying dividends/coupons on hybrid capital, which it calls "important recovery milestones."

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